Nutanix, Inc. (NASDAQ:NTNX) Given Average Rating of “Moderate Buy” by Analysts

Nutanix, Inc. (NASDAQ:NTNX) has earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $72.00.

Several equities research analysts have recently weighed in on the company. KeyCorp raised their price objective on Nutanix from $69.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Morgan Stanley reduced their target price on Nutanix from $72.00 to $62.00 and set an “equal weight” rating for the company in a report on Friday, June 21st. Royal Bank of Canada increased their price objective on Nutanix from $72.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, May 29th. Raymond James increased their price objective on Nutanix from $72.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Finally, Northland Capmk downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 30th.

Insider Activity

In other news, CFO Rukmini Sivaraman sold 53,029 shares of Nutanix stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $64.77, for a total value of $3,434,688.33. Following the completion of the transaction, the chief financial officer now owns 144,635 shares in the company, valued at $9,368,008.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Rukmini Sivaraman sold 53,029 shares of Nutanix stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $64.77, for a total value of $3,434,688.33. Following the completion of the transaction, the chief financial officer now owns 144,635 shares in the company, valued at $9,368,008.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rajiv Ramaswami sold 23,986 shares of Nutanix stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total transaction of $1,299,801.34. Following the completion of the transaction, the chief executive officer now owns 407,045 shares of the company’s stock, valued at approximately $22,057,768.55. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 99,965 shares of company stock worth $5,965,961. Insiders own 0.46% of the company’s stock.

Institutional Trading of Nutanix

Institutional investors have recently bought and sold shares of the business. Atlantic Edge Private Wealth Management LLC acquired a new stake in Nutanix during the 4th quarter worth $29,000. GAMMA Investing LLC acquired a new position in shares of Nutanix in the 4th quarter valued at $30,000. Kapitalo Investimentos Ltda acquired a new position in shares of Nutanix in the 4th quarter valued at $37,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Nutanix in the 4th quarter valued at $40,000. Finally, Fifth Third Bancorp acquired a new position in shares of Nutanix in the 4th quarter valued at $62,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Stock Performance

Shares of NASDAQ NTNX opened at $56.85 on Friday. The stock has a fifty day moving average price of $61.03 and a two-hundred day moving average price of $58.23. The firm has a market cap of $14.02 billion, a P/E ratio of -812.03, a PEG ratio of 14.77 and a beta of 1.10. Nutanix has a 1 year low of $26.82 and a 1 year high of $73.69.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.12. The firm had revenue of $524.58 million during the quarter, compared to analyst estimates of $516.13 million. Nutanix had a negative return on equity of 7.74% and a negative net margin of 0.57%. On average, research analysts predict that Nutanix will post 0.09 earnings per share for the current fiscal year.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.